How To Search SECP Company Name Online

When you start a business in Pakistan, it is always necessary to give it an official company name. Now when you run your mind in figuring out the best company name for your business, the chances are that your chosen company name is already registered officially. So before you finalize it, you must consider that if the company name is available to register with SECP or not.

Is it always necessary to check the availability of company name for all types of businesses? Well, the answer is ‘’no’’. Every business doesn't need an official name as every business doesn't register with SECP.

Types of businesses under secp

There are mainly three types of businesses. See the details below.

Individual business

An individual business is a type of business that is run by a single person. It can be a tailor's shop, a barber shop, etc.

Partnership business

A partnership business is a type of business that is run by multiple people. All the partners of the group will have a fair amount of share in it.

(جاری ہے)

Private limited companies/ businesses

It is the type of organization that you set to run your business. It basically has different stakeholders. The company is run by the share capital that stakeholders put into it. In this type of business, all the stockholders have limited liability.

The stakeholder’s liability depends on the number of shares they hold. They can only increase their liability by holding more shares of the company. And there will be no need to pay for any losses beyond the price of shares any member has.

Checking the business name availability of individual and partnership-based based business

If your business is an individual type or partnership-based, you don’t necessarily have to check for the business name availability. That means that if your name matches the already existing business, you can still register the same company name.

But you must always be on the safe side. Therefore it is always recommended that you must search the company name availability. If you find it similar, just make a little change in it. In this way, it will become easier for the customers to search for it.

Checking the business name availability of private limited companies/ businesses

Private limited companies need to give their company a name that should not be registered earlier. To do that, the Pakistani government has set an agency with the name of the Securities and Exchange Commission of Pakistan (SECP). It is the financial regulatory agency in Pakistan. The private limited companies register themselves in the SECP.

Therefore you should always search for the company name availability on the official website of the Security and Exchange Commission of Pakistan. The private limited companies must have a certificate that verifies the company name. SECP issues that certificate. It will assure that the company name is not registered before.

Searching the company name on SECP

For searching an available company name, first of all, open the official website of the security and exchange commission of Pakistan (https://eservices.secp.gov.pk/eServices/NameSearch.jsp). When you scroll down the page, you will see an option of ‘’search company name’’.

Now enter your desired company name in the search bar ‘’registered companies’’. If the company name has not been registered before, the result will show ‘’no result found’’. It shows that you can register this company name.

If the company name already exists or there are any similar names, the result will show the name of that company. That shows you can not register the desired name. Now you will have to think of any other name.

You must follow all this procedure every time you change your desired company name. This little effort will save your time in further proceedings of registration of your company. So make sure to do the right thing at the first step.

Conclusion

SECP is very strict in terms of registration of companies. And finding an available name is the first step of a lengthy procedure. If you do it right, there will be no need to step back at any stage of the company registration process.